Legally registered 5-plex (4 active) with former basement unit offering potential for 2 new suites - envision up to 6 units in total ~ OR ~ put up a brand new 32-Unit building! Fantastic opportunity in one of Welland's most promising growth corridors. This well-maintained building sits on an oversized 63' x 190' lot, zoned RL2 & RM, just steps from the Welland Canal, Merritt Island Park, and close to major amenities including Welland Hospital and Niagara College. The property features 4 spacious 2-Bed 1-Bath apts., (each approx. 800 sq.ft) 5 parking spaces, high basement ceiling with a 5th 4-pc bath and potential for 2 additional apartments, and strong long-term value. A planner-commissioned concept sketch outlines a 32-unit redevelopment vision for the site. The area also presents potential for future land assembly, offering added scale for developers exploring larger residential intensification projects. Ideal for investors, developers, or those seeking a well-located income property with long-term upside. Conceptual plans were prepared by a third party and have not been submitted to the City. (id:51158)
| MLS® Number | X12539272 |
| Property Type | Multi-family |
| Community Name | 768 - Welland Downtown |
| Amenities Near By | Park |
| Community Features | Community Centre, School Bus |
| Equipment Type | None |
| Features | Irregular Lot Size, Ravine, Sump Pump |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
| Structure | Porch |
| Bathroom Total | 5 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Stove, Refrigerator |
| Basement Development | Partially Finished |
| Basement Features | Walk-up, Separate Entrance |
| Basement Type | N/a (partially Finished), N/a, Full, N/a |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Controlled Entry |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Land Amenities | Park |
| Sewer | Sanitary Sewer |
| Size Depth | 190 Ft |
| Size Frontage | 63 Ft |
| Size Irregular | 63 X 190 Ft ; Lot Is 90' Wide At The Back |
| Size Total Text | 63 X 190 Ft ; Lot Is 90' Wide At The Back|under 1/2 Acre |
| Zoning Description | Rl2, Rm |
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